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Euro / South African Rand (EUR/ZAR)

Get the latest updates on Euro (EUR) vs South African Rand (ZAR) prices. Monitor real-time exchange rate movements at FP Markets Paraguay.
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Euro / South African Rand (EUR/ZAR) Profile

The euro was released on 1 January 1999, following a decade of preparations: for the first three years, it was a 'invisible' currency, used exclusively for accounting purposes and electronic payments. Coins and banknotes were introduced on 1 January 2002, and the largest currency changeover in history occurred in 12 EU countries. It was first made in 1961 when South Africa became a country. It took the place of the South African pound, which had been the legal currency of the Union of South Africa since 1910, when it was set up as a British colony.

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Euro / South African Rand (EUR/ZAR) Trading FAQ

With some currencies seeing rapid growth, foreign currency pairings serve as investment tools that expand alongside them. The forex market is now flooded with pairs with relatively significant volatility and a plethora of profit opportunities, one of which is EUR/ZAR.

To trade these products effectively, you should do so around significant economic releases at 1:45 am and 2 am Eastern Time on weekdays and between the hours of 12 am to 1 pm ET on weekends, when both European and American exchanges are keeping all cross markets busy and liquid.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as EUR/ZAR. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.

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